12926. Farmers State Bank (Cortland, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
February 9, 1932
Location
Cortland, Nebraska (40.506, -96.706)

Metadata

Model
gpt-5-mini
Short Digest
924ef848

Response Measures

None

Description

Articles (Feb 9 and Feb 18, 1932) report the Farmers State Bank of Cortland had 'closed recently' and a receiver (H. Luikhart) was appointed by the district court. No mention of a depositor run in the text. Closure followed by appointment of a receiver -> suspension leading to closure (receivership).

Events (2)
1. February 9, 1932 Receivership
Newspaper Excerpt
Judge Fred appointed H. Luikhart, secretary of the state department of trade and commerce, receiver for the bank. Luikhart's bond $7,500. (Beatrice Daily Sun, 1932-02-09).
Source
newspapers
2. February 9, 1932 Suspension
Cause
Government Action
Cause Details
District court appointed a state department official as receiver; bank had 'closed recently' and move toward liquidation initiated.
Newspaper Excerpt
move toward the liquidation the Farmers State bank of Cortland, which closed recently, taken in district court Monday when Judge Fred appointed H. Luikhart... receiver for the bank.
Source
newspapers

Newspaper Articles (2)
1. February 9, 1932 Beatrice Daily Sun Beatrice, NE
Article from Beatrice Daily Sun, February 9, 1932

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Article Text

CORTLAND BANK RECEIVER move toward the liquidation the Farmers State bank of Cortland, which closed recently, taken in district court Monday when Judge Fred appointed H. Luikhart, secretary of the state department of trade and commerce, receiver for the bank. Luikhart's bond $7,500.

2. February 18, 1932 The Weekly Wymorean Wymore, NE
Article from The Weekly Wymorean, February 18, 1932

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Article Text

CORTLAND BANK RECEIVER A move toward the liquidation of the Farmers State bank of Cortland, which closed recently. was taken in district court when Judge Fred W Messmore appointed F\ H. Luikhart. secretary of the state department of trade and commerce. as receiver for the bank Lulkhart's bond was set